Mayur Hedge Fund Increase 49% in H1'14Mayur Hedge Fund, a long short absolute return growth oriented fund with a net long bias, became the second best performing hedge fund for the Indian Market after an increase of 49 percent during the first-half.
The Mayur Hedge Fund is an India-focused product managed directly by Global which aims to achieve capital appreciation through investing predominantly in equity and fixed income related instruments of Indian companies. Rajesh George, VP International Asset Management at Global stated, "The Asian, and in particular the Indian market offers a compelling investment opportunity. The investment case for India is powerful; the country - which is home to a quarter of the world's population under the age of 25 has a positive demographic profile, an emerging middle class, good corporate governance and an economy that has a low reliance on foreign trade.
The reforms expected to be implemented by the new Indian government is expected to boost the Indian GDP growth and also to create a very favorable environment for foreign investors". India which is part of the BRIC (Brazil, Russia, India, and China) conglomerate is already the third largest economy in the world in terms of purchasing power parity and is projected to be approximately 30 percent of the size of the US economy by 2025.Source: Zawya